On October 1, 2024, the Allegheny Corporation purchased equipment for $166,000. The estimated service life of the equipment is 10 years and the estimated residual value is $1,000. The equipment is expected to produce 330,000 units during its life. Required: Calculate depreciation for 2024 and 2025 using each of the following methods. Partial-year depreciation is calculated based on the number of months the asset is in service. Exercise 11-3 (Algo) Part 2 2. Double-declining-balance. Formula Beginning Book Value Amount for 2024 S 165,900 xx Amount for 2025 Answer is not complete. Double-Declining-Balance Method Double the Straight-line Rate Fraction of Year Depreciation Expense 3 % 3/12 $ 41,475x % IS 332,000